BusinessPhoto: Mercom IndiaOtovo Raises $3 Million for Acquisitions and U.S. Dual Listing
Otovo, an AI-enabled energy services platform, raised $3 million through a private placement to fund strategic acquisitions, merger opportunities, and costs related to a potential U.S. dual listing. This financing brings Otovo’s total capital raised in just over a year to around $40 million. The company also agreed to sell parts of its European holdings, expected to generate $2.4 million and release a $1.5 million bank facility, providing over $5 million in total proceeds.
Mercom India·




